Despite seeing its revenue grow by 10% YoY in Q3 & net profit grow by 24%, Geely CEO says the past months have been the most fiercely competitive period for Geely Auto in past 2 yrs.
Looking @ its sales, its high margin Zeekr 9X sales are clearly down while Xingyue is up.
More importantly, Geely likely sees the torrent of new models hitting its most profitable & successful segment.